Paisano Housing Redevelopment Corporation

Organization Overview

Paisano Housing Redevelopment Corporation is located in El Paso, TX. The organization was established in 1997. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paisano Housing Redevelopment Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Paisano Housing Redevelopment Corporation generated $38.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.3% each year .

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO IMPROVE QUALITY OF LIFE FOR ECONOMICALLY CHALLENGED FAMILIES BY DEVELOPING, FINANCING, AND MANAGING QUALITY AFFORDABLE HOUSING, AND PROVIDING OPPORTUNITIES TO ACHIEVE SELF-SUFFICIENCY.PROMOTE COMMUNITY REINVESTMENT BY FINANCING INSTITUTIONS TO SUPPORT THE AFFORDABLE HOUSING NEEDS OF LOWER INCOME RESIDENTS THROUGH COMMUNITY DEVELOPMENT LENDING, AFFORDABLE HOUSING, OR LINKED DEPOSIT PROGRAMS.SUPPORT, DEVELOP, AND PROVIDE OPPORTUNITIES FOR LOW AND MODERATE INCOME RESIDENTS TO UNDERTAKE BUSINESS ENTERPRISES AND TO BECOME SELF-SUFFICIENT BY PARTICIPATING IN EDUCATION, JOB TRAINING, AND EMPLOYMENT PROGRAMS TO REDUCE THEIR DEPENDENCY ON PUBLIC BENEFITS AND TO LESSEN THEIR BURDEN ON GOVERNMENT; AND TO PROVIDE SOCIAL SERVICES TO SUPPORT THE BUSINESS ENTERPRISES, SELF-SUFFICIENCY, AND FAMILY AND COMMUNITY IMPROVEMENT EFFORTS OF LOW AND MODERATE INCOME RESIDENTS.SUPPORT BY GIFTS, CONTRIBUTIONS OR ASSISTANCE OF OTHER NON-PROFIT CORPORATIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROMOTE COMMUNITY REINVESTMENT BY FINANCING INSTITUTIONS TO SUPPORT THE AFFORDABLE HOUSING NEEDS OF LOWER INCOME RESIDENTS THROUGH COMMUNITY DEVELOPMENT LENDING, AFFORDABLE HOUSING, OR LINKED DEPOSIT PROGRAMS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$26,564,741
Investment income $11,847,992
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$183,622
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $38,229,111

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